The housing market in East Lansing, MI is thriving. The median value of homes in the area is $264,100, which is slightly lower than the national median value of $338,100. In addition to this, the one year house appreciation rate for homes in East Lansing has been reported at 8.98%, which is higher than the national average of 8.27%. This suggests that this area is a great place to invest in property as prices are likely to increase over time.
The median home cost in East Lansing is $264,100. Home appreciation the last 10 years has been 96.0%. Home Appreciation in East Lansing is up 12.2%.
Average Age of Homes
- The median age of East Lansing real estate is 45 years old
The Rental Market in East Lansing
- Renters make up 58.9% of the East Lansing population
- 4.7% of houses and apartments in East Lansing, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.